Business Dictionary :
Levy



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Levy : noun : money which is demanded and collected by the government


Capital Levy = tax on the value of a person's property and possessions


Import Levy = tax on imports especially in the EEC


Import Levy = a tax on imports of farm produce from outside the EEC


Levies on Luxury Items = taxes on luxury items


Training Levy = tax to be paid by companies to fund the government's training schemes


Levy : verb : to demand payment of a tax or an extra payment and to collect it

  • The government has decided to levy a tax on imported cars.

  • To levy a duty on the import of luxury items…

  • To levy members for a new club house = to ask members of the club to pay for the new building…

  • QUOTE : Royalties have been levied at a rate of 12.5% of full production.
    (
    Lloyd’s List)



















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